| ZIP Code | 49968 |
|---|---|
| City | Wakefield |
| State | Michigan (MI) |
| County | Gogebic County |
| Area Code | 906 |
| Elevation | 1,350 ft |
| Latitude | 46.502982 |
|---|---|
| Longitude | -89.889607 |
| Timezone | Detroit (DST) |
| FIPS | 26053 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 47.2 yrs ↓ 12% since 2019 |
|---|---|
| Avg Household Size | 2.20 |
| Below Poverty | 18.0% ▲ 80% above avg |
| College Grads | 32.8% ▼ 15% below avg |
| Unemployment | 2.4% ▼ 51% below avg |
| No HS Diploma | 20 (1.2%) |
| HS Graduate | 526 (30.8%) |
| Some College | 243 (14.2%) |
| Associates | 357 (20.9%) |
| Bachelors | 241 (14.1%) |
| Graduate Degree | 319 (18.7%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $51,607 ▼ 32% below avg ↑ 39% since 2019 |
|---|---|
| Median Home Value | $79,000 ▼ 72% below avg ↑ 27% since 2019 |
| Home/Income Ratio | 1.5x (nat avg ~3.5x) |
| Median Rent | $662/mo ↑ 19% since 2019 |
| Total Units | 1,405 |
| Vacant Units | 412 |
| Avg HH Size | 2.20 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 1,405 |
|---|---|
| Vacant | 412 |
| Owner Occupied | 85.9% |
| Renter Occupied | 14.1% |
| Avg HH Size | 2.20 |
ZIP code 49968 is located in Wakefield, Michigan, within Gogebic County. With a population of 2,305, this is a sparsely populated ZIP code with a mature community — the median age is 47.2 years. Economically, 49968 is a working-class ZIP code: the median household income of $51,607 is below the national average.
Real estate in ZIP code 49968 represents one of the more affordable housing markets in the country. The median home value of $79,000 is well below the national average. Renters can expect to pay around $662 per month in median rent. Homeownership is strong here — 85.9% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 27% since 2019.
The population of 49968 is primarily White (94.75%). Residents are moderately educated — 32.8% hold a bachelor's degree or higher, which is below the national average. Poverty affects some residents at 18.0%. Household income has grown by 39% since 2019.
The unemployment rate in 49968 stands at 2.4%, which is well below the national average. As in most parts of the country, driving alone is the dominant commute mode at 81%.
Overall, ZIP code 49968 in Wakefield, MI is characterized as working-class, moderately educated, a mature community, and predominantly owner-occupied. With 2,305 residents, a median household income of $51,607, and a median home value of $79,000, it offers a clear picture of life in this part of Michigan.